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by ArkyBeagle 3491 days ago
But in a post-Bretton-Woods US, it amounts to financial services - or what ever it is that Wall Street does.
1 comments

No, it amounts to assets, either financial or concrete (e.g., real property). And there's nothing special about the "post-Bretton Woods US". Financial assets are not the same thing as financial services.
Not all financial assets are in real property. I'd call assets that are not real property pretty much an artifact of the financial services industry. I don't mean just fees.

Your usage is much more precise.

I invoked Bretton because Truman was running around trying to get as much of the finance industry for the US during Potsdam and thereafter. Bretton Woods was roughly the same time frame.